Showing posts with label savings. Show all posts
Showing posts with label savings. Show all posts

Friday, June 8, 2018

Investing: No better Time Than The Present!

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Look, money can be funny. 

Not having enough of it or none at all isn't the slightest bit tickling. Yet, we play with it everyday just to discard it as soon as the next shiny object appears. Take it from me, you just don't want to keep working your butt off everyday and then having nothing to show for it when you no long can work your butt off!

If you are a baby-boomer, you've undoubtedly heard these old wise words...... 

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"Work hard, save your money" 

Or how about,

 “When you work on something that only has the capacity to make you $5, it does not matter how much harder you work, the most you will make is $5.” ~ that one is by Idowu Koyenikan.

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If you are a millennial, you may be tech savvy and all, yet, the way you deal with savings, debts & retirement is still just as common and related as it was a generation before the baby-boomers.

Both these quotes have a relationship and a dissolution about them. 

Yes, you can work hard and save, while the amount you save, is all that gets saved! No matter how hard you work.

When we are younger, the world seems endless, our future.....immortal. We rack up school/student loans and credit card debts. Cars and other notes, on the firm belief that it will get paid off in the future. Not really concern about the repayment till near it's due date. In those days, we were in fact, simply living for only the next day.

Before you know it, you've got a wife or husband, a couple of awesome kids, a house & car note. All the while, that credit card & student loan is not only still there, it hasn't shrunk. In fact, because of the family and all that comes with it, that credit card has also multiplied. And the debt owed on them alone eats up a nice chunk of income monthly. 

And yet, we haven't even gotten to the savings part. First, take a look at a previous post on "Accumulate wealth, eliminate debt".

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Then saving and investing becomes your stairway to financial security.

As I mentioned in this earlier post, saving isn't really doing much for you except baby-sitting your money till you decide on some new shiny toy to purchase or withdraw it just to pay on another debt. 

Once there is a clear understanding that as long as you "owe someone", you'll never truly become financially independent nor wealthy.

Those of us who haven't giving up on dreams, goals or that bucket-list. Understand that we have to step-up our game. Money doesn't grow on trees yet it can grow. Money does make the world go round. And we need more of it just to see some of it.   

Now millennial's, because they are born into this new world of technology, computers, smartphones & apps, they have a slight edge. Baby-boomers & retirees may have to overcome some learning curves. Yet, we are in an era, that really does offer anyone with the patience & willingness to succeed an opportunity to grow their income substantially no matter what you have to start with.

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With that being said, it is this technology, that is offering these opportunities. Which is as I mention earlier, why the millennial's have a slight advantage over say, senior citizens. 

Through these technologies, we put our money into, so as to see our own money grow out of it. 

In the financial world, they call it "Investing" with the dictionary explaining it as follows.

"Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture."

Investing - allows you to have your money work for you. As we get older, (not old), just older. Working smarter is just common sense than trying to keep working harder. I believe that we are not here just to work, pay bills than die. No, no, no.........!

Investing allows for compound interest. Over time and long term planning, the stock markets have consistently rose. Offering a much better returns for your dollar. Tax advantages, exciting while contributing to your favorite product, business or ventures. All these plus, you can make investing profitable, fun & worthwhile.  

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Why is investing now as good or even better as any other time in history?

If we talk about a long term investment strategies......say 10, 15 or 25 years from now. We are not just talking about retirees but, the millennial's for the next 15 - 25 years.

Using compound interest, if you were to take $5,000.00 and invest it into a stock, adding $100 per month for the next 15 years. Having a broker or you manage that investment for a mere 10% per month return rate. At the end of 15yrs, that initial $5,000.00 plus $100.00/month investment would now become $64,070. ($23,000 on principal & $41,070 in interest).

Not to complicate things to much, yet, one can tap into a little day trading or swing trading and that 10% monthly return rate would increase that percentage.

Now that's just a small investment and just a little effort to manage a 10% monthly yield. The right product or company pick could dramatically increase your chances of turning that initial investment into something super crazy.

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Which brings me to....."No better time than the present"

There are industries and products set forth today for tomorrow, that are truly what are called "disruptive technology".  You know some of yesteryear's disruptive techs like personal computers that disrupted the typewriter, Email disrupted the mail system, cellphone disrupted the landline telephone network, laptops disrupted the personal computer, smartphone disrupted all above and alternative energy is disrupting the fossil fuel industry. 

The companies that support & produce these future products are going to make ordinary people, not just wealthy, yet, multi-millionaires and even billionaires in the long run. All simply because they took time to learn how to invest, paying attention to trends and take action.

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POST  ~  D.W.W.D. Do What the Wealthy Do exactly where we are today. Just to name a few disruptive products starting with the international fiat currency system being disrupted by Blockchain technology, Bitcoin, cryptocurrencies,  atlcoins & tokens. 

The pharmaceutical and alcohol companies are being disrupted by the Marijuana/cannabis/cannabidiol evolution.

Renewable & clean energy, Drone technology (UAV) or (AI) Artificial Intelligence are just a gleams into the future markets.

So yeah........Learn to invest now. Better late than never. If you didn't know, someone just informed you. 


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Wednesday, October 4, 2017

INVESTING 2017 Emerging Tech Sector Offers Unique Wealth Building Opportunities

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   Well, it's definitely a whole new ball game when it comes to making that dollar dollar bill these days. With technology along side this's not that old money for sure. 

   You know back in the day, "Old Money" was handed down, inherited upper-class families. More likely to be refined, stuck-up, snobbish, well-disciplined, influential yet have a low profile, save & invest their wealth.

   Whereas, "New Money" is newly acquired wealth from the likes of the dotcom era, professional sports or entertainment fame. Called "1st generation wealth". Personalities tend to be more casual, down-to-earth, hip, a bit flashy, socially conscious, spends a little more time openly activist then their older school counter part.

   Whether you're OLD or NEW money, communities are boosting all types of fresh ways to earn money using today's internet technologies as a means to achieve wealth today. Not to mention digital investments, freelancing, tutoring, graphics, programming, ghost writers, selling things online and if you are a decent writer even blog writing. 

    Some people get it early on in life. Save for the future. Some people view life a little differently, live your life now tomorrow is not guaranteed. And act accordingly, they spend what they earn. Live paycheck to paycheck, consume beyond they means etc,. While some of us old school, baby boomers were simply taught to go to school, get a job & work hard.....You know the routine. You've heard the saying,  J.O.B. - Just Over Broke

   What's a person to do when we finally get do we start a journey to prosperity when you are older, maybe close to retirement? How might one boost their current finances expeditiously so as to help support an elderly loved one, travel, live a comfortable retirement or what about that bucket-list? 

   Wealth building can be an extremely complex task requiring not only the cornerstone acclaimed quote "Show Me The Money."  But, demands focus, sacrifices, education & due diligence. 

Yet, it can be done. 

One tool, is to invest. Yes, investments.

   I am not an financial advisor, this is my disclaimer. Please seek professional advice on any information contained hereon as I am providing insight "as is". The entire risk as to the result and performance of the information is assumed by the user. 

   I will say this, as a latter end baby boomer. My working harder for someone else days are nearing their retirement days.  Along side 4 grandchildren and my youngest son a few years in high-school and college behind that. It's time for me to work & earner smarter. I am teaming up with those in the know. This squad of mentors and like minded individuals have one goal in mind.....Wealth building utilizing today's Internet Technology aka Digital Media,  for an normal person's growth.

    Moving forward in what will become the foundation of our quest will be investing and investments.....

   You've heard the term "It takes money to make money."  To invest is as simple as to contribute money into a source in hopes that you make more money later.

   Dictionary meaning - Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property.

   Investing can and should be look at as a kind of saving strategy. Only this kind of saving requires a bit more labor. Saving your money in a bank is your basic maneuver. There is absolutely no risk. 

   Simply open up a Saving Account which you usually don't readily have access to, say from an ATM or checking. Interest rate are ridiculously low and any additional service fees will also take a bite out of your low growth.
   If one has an larger amount of funds to put away, then a higher interest account should be utilized. These accounts are called "High- Yield Saving Accounts".

   When you know that the funds to be saved will NOT  be used for a good period of time. There's an account for that as well called CD's., we are not talking music compact disc of the 90's and early 2000's.  These CD's are Certificates of Deposit. What happens here is, you put your money in the care of the bank for a particular time period. Generally, 6 months and in upwards of 5 years. At the duration of the deposit, referred to as the maturity period. Interest is earned on that deposit.

   Next, we start to get into what are called securities. Due to the complex structure involved in security markets, I will briefly interpret just their essential elements as their pertain to the subject at hand. 

   I wish to clarify my intent here within this and subsequent post. I hope to provide clear, smooth and painless understanding of the many many avenues in our complex financial system. The objective is to take what tactics/strategies that are out there and present them in everyday language. As we become increasingly involved in the varies subject matters surrounding wealth building strategies.........guest blogger, experienced like-minded associates along with feedback interactions will clarify what best works within said capacity.

   Securities are investment option on the saving/investment ladder. In it's essence, you can buy into a companies growth or debt. These negotiable financial products (bonds, stocks & funds) have monetary value.

   Of these securities.....Mutual funds are a common investment tool used to help build a diversified portfolio. Unlike CDs or standard bank saving account which are insured by the Federal Deposit Insurance Corporation (FDIC). Mutual funds are not insured. Why.......simply because mutual funds are an investment not a deposit.

  We will start off the next installment with Money Market Funds. For now, soak in these simple tactics & research a bit.

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